Feb 14 • 22:39 UTC 🌍 Africa AllAfrica

West Africa: Ecobank Group Stock Price Doubles in 2 Years As Earnings Climb

Ecobank Group's stock price has nearly doubled over the past two years due to improved earnings, reflecting strong investor interest in West African banking stocks.

Ecobank Transnational Inc's stock has seen remarkable growth, nearly doubling in value over the past two years, as it closed at 29 XOF on February 13, 2026. This surge in stock price highlights renewed investor interest in banking stocks within the West African region, with Ecobank's shares recording a year-to-date increase of 26.1%, and an impressive 81.3% rise compared to the previous year. The significant climb in stock value can be attributed to enhanced earnings results and a stronger balance sheet, positioning Ecobank as a key player in the market.

The financial metrics of Ecobank reinforce its robust performance, reporting a revenue of $1.96 billion for the trailing twelve months, which is an increase of 11.35% year-over-year. Its net income reached $411.34 million, while the total assets ballooned to $32.4 billion, showcasing a solid liquidity position with $4.3 billion in cash against only $1.9 billion in debt. Furthermore, the bank's return on equity stands at an impressive 29.39%, signaling efficient operations and value creation for shareholders. This financial resilience has led to Ecobank becoming the most actively traded stock on the BRVM over the last three months.

Despite the impressive growth figures, Ecobank's stock is currently trading at a relatively low price-to-earnings ratio of 1.80, alongside a price-to-sales ratio of 0.39. These valuations suggest that there may still be room for upward movement in the stock as investors evaluate its performance in the context of the wider West African economic landscape. With a market capitalization of 524 billion XOF, Ecobank represents 3.51% of the overall exchange, further solidifying its status as a crucial player in the financial sector of the region.

📡 Similar Coverage